• Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions
Thursday, March 4, 2021
No Result
View All Result
ABC Money
PR Fire Press Release Distribution
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
  • News
  • Business
  • Economics
  • Finance
    • Investment
    • Tax
    • Mortgage
  • Property
    • Utilities
  • World
  • Technology
  • Fashion
  • Health
  • Holidays
ABC Money
No Result
View All Result
Home Finance

Next-gen credit card payment: get your business ready

by Claire James
22/10/2020

RelatedPosts

How to save money on your heating bill and get help with energy debts

5 Best Applications for Finance You Can Use in 2021

Good Money Habits That Will Improve Your Finances in 2021

Day trading: the advantages and disadvantages

Load More

Payments have long been a necessity in business. Without a transaction, there is no profit to gain from a deal. However, these transactions often came with vast costs. For example, credit card payment providers charge processing and cancellation fees. This makes it impossible for payments to be conducted for small amounts. However, with new technology players entering the market, new opportunities have emerged.

Credit card payment with limited fees

By using new technologies, challengers in the market can offer transactions at very low fees. Besides that, they offer their hardware at the fraction of the price. The trick? Leveraging the existing technologies that are present in smartphones and tablets. You can easily connect a card reader to a smartphone, allowing you to add products to your store and start selling. You can scan barcodes as well as select products in an overview. Once the order is captured, the client can scan his card using the terminal.

Full suite of analytics capabilities

Once a credit card payment is conducted it will become available in the overview. Here you can find all transactions that are conducted, both online and offline. Analytical capabilities make it possible to analyse the behaviour of customers and act accordingly. In this way, you will get to know customers better and create effective segmentation to target customers. This will increase customer loyalty and profit by simply conducting payments with credit cards.

Online transactions

Do you have a webshop for your customers? These transactions can also be incorporated into the system, reducing your online fees. You do not have a webshop yet? No worries! With the introduction of payment links, you can also conduct online transactions without the need for a webshop. These transactions are completed by sending a link to the customer. The customer can click on the link and conduct the payment with their credit card provider.

Social media and other channels

The payment links are very useful for merchants that do not have their own store. They can share the links with their clients via e.g. social media to conduct transactions. In the current state of a pandemic, it can be used in stores as well. Since contactless payment terminals sometimes still require the user to enter a pin, this is not considered desirable. Instead of a terminal, the user can scan the QR code and conduct the payment instead. This is a more hygienic way to conduct transactions while retaining the ease-of-use.

Players in the market

There are multiple players in the market of innovative credit card payment providers. SumUp is one of the players that has been pioneering in the market and offers several payment solutions. All these solutions are integrated into a single platform that allows businesses to analyse transactions. Want to learn more about the products that SumUp is providing? You can visit their website, SumUp.co.uk, for more information.

Previous Post

3 Realities to Consider Before Investing in CBD

Next Post

How Lockdown Has Taught Us How To Accept The Way We Look

Related Posts

How to save money on your heating bill and get help with energy debts
Finance

How to save money on your heating bill and get help with energy debts

02/03/2021
5 Best Applications for Finance You Can Use in 2021
Finance

5 Best Applications for Finance You Can Use in 2021

25/02/2021
Good Money Habits That Will Improve Your Finances in 2021
Finance

Good Money Habits That Will Improve Your Finances in 2021

25/02/2021
Next Post
How Lockdown Has Taught Us How To Accept The Way We Look

How Lockdown Has Taught Us How To Accept The Way We Look

Raising awareness about single-use plastics in supply chains

Raising awareness about single-use plastics in supply chains

Switch Success: How Knockdhu Distillery Swapped Oil for Gas

Switch Success: How Knockdhu Distillery Swapped Oil for Gas

Latest News

How COVID-19 Pandemic Has Changed The Way People Move

How COVID-19 Pandemic Has Changed The Way People Move

03/03/2021
5 ideas for a relaxing day

5 ideas for a relaxing day

03/03/2021
How Watches Are The New Hottest

How Watches Are The New Hottest

02/03/2021
Top 3 Guide Ideas To Match Your Rolex Watch with Your Outfit

Top 3 Guide Ideas To Match Your Rolex Watch with Your Outfit

02/03/2021
How to save money on your heating bill and get help with energy debts

How to save money on your heating bill and get help with energy debts

02/03/2021
B2B Lead Generation: Strategies That Work

B2B Lead Generation: Strategies That Work

02/03/2021

Social

Contact

For editorial enquiries:

editorials@abcmoney.co.uk

For advertising enquiries:

advertise@abcmoney.co.uk

Top Topics

  • News
  • Business
  • Finance
  • Property
  • Technology
  • Investment

Guides

  • Best UK Bridging Loans
  • Best UK Secured Loans
  • Best UK Commercial Mortgages
  • Best UK Business Loans
  • Best UK Payday Loans
  • Best Sites for International Money Transfers
  • Best Press Release Distribution Service

Social

  • Home
  • Authors
  • Write for us
  • Advertise
  • Contact
  • Privacy Policy
  • Terms and Conditions

© 2020 ABC Money

No Result
View All Result
  • Write for us
  • Contact
  • About Us
    • Authors
  • News Desk
    • Business
    • Finance
    • Property
    • Technology
    • Investment

© 2020 ABC Money

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.